Persimmon (OTCMKTS:PSMMY) Shares Down 7.7% – Here’s What Happened

Persimmon Plc (OTCMKTS:PSMMY) fell 7.7% on Monday . The stock traded as low as $32.48 and last traded at $32.5150. 6,065 shares were traded during trading, a decline of 53% from the average session volume of 12,898 shares. The stock had previously closed at $35.23.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Persimmon in a research report on Monday, November 24th. They set a “buy” rating for the company. Royal Bank Of Canada upgraded shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Finally, Citigroup reissued a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, Persimmon currently has an average rating of “Buy”.

Persimmon Stock Down 5.2%

The business’s 50 day simple moving average is $38.65 and its 200 day simple moving average is $34.55.

Persimmon Company Profile

Persimmon plc (OTCMKTS:PSMMY) is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company’s product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK’s most prolific housebuilders.